Addis Fortune reports that several telcos, including ZTE, Techno Mobile and Security Innovation Network (SINET), have secured 25,000 sqm of land to establish incubation centres within ethio ICT, an ICT Park that is reported to represent a total financial outlay of five billion Birr (approximately $270 million).
According to the report the country’s Ministry of Communications & Information Technology (MoCIT) has given the green light on construction of the Park, said to begin within a month.
Brehane Keleta, Project Manager, is quoted as saying that the plan is to have ethio ICT located on 200 ha of land in the Bole District.
Keleta also stated that more than 12 local and international companies have also registered to be part of the technology landscape.
The Park will be divided into five areas including business, assembly and warehouse, commercial, administration and a knowledge arena.
Ethio ICT is scheduled for completion in three years, according to project management.